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Industrial machinery maker Siemens AG says it will cut 7,800 administrative jobs worldwide as part of an effort to streamline the sprawling company and its many businesses. Munich-based Siemens said in a statement Friday that 3,300 of the job losses will be in Germany. Texas-based Siemens PLM Software, a business unit of Siemens AG, maintains a sales and service office in Newport News' City Center that focuses on shipbuilding. Siemens CEO Joe Kaeser said the cuts were part of an ongoing restructuring whose aim was to “get the company back on a sustainable growth path and close the profitability gap to our competitors” Siemens said the cuts would save 1 billion...

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Industrial machinery maker Siemens AG says it will cut 7,800 administrative jobs worldwide as part of an effort to streamline the sprawling company and its many businesses.
Munich-based Siemens said in a statement Friday that 3,300 of the job losses will...

There was an item in a number of papers around Virginia earlier this week: Siemens donated more than $2 billion worth of software to community colleges and universities here.
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The European Union opened an in-depth probe of General Electric's $14.1 billion takeover of the power division of French company Alstom on Monday fearing higher prices and less choice. The European Commission made the move Monday after an initial...

Industrial machinery maker Siemens AG says it will cut 7,800 administrative jobs worldwide as part of an effort to streamline the sprawling company and its many businesses. Munich-based Siemens said in a statement Friday that 3,300 of the job losses...

France said on Friday it had agreed to put $60 million into a fund managed by the United States to compensate Holocaust victims deported by French state rail firm SNCF to Nazi death camps, a deal that protects it from future...

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Text of President Barack Obama's State of the Union address, as provided by the White House: Mr. Speaker, Mr. Vice President, members of Congress, distinguished guests and fellow Americans: Last month, I went to Andrews Air Force Base and welcomed...